The Coca-Cola Corporation is the leader throughout the world in the soft-drinks market thanks to its international famous drink, the Coca-Cola. The company developed a range around the most unavoidable product (Diet Coca-Cola, Coca-Cola Zero, Cherry Coca-Cola ). The international firm has a huge range of products. They cover almost all the market around drinks. Indeed, they are present in soft drinks (Coca-Cola, Fanta), orange juice (Minute Maid), tea drinks (Nestea), energy drinks (Burn), sports drinks (PowerAde) and also in waters bottles market in some countries. For each product, Coca-Cola developed a specific range by extending basic products (Minute Maid Orange for example) in new aromas (Minute Maid Tropical). Therefore, the red company possesses a wide portfolio of activity. Besides, the company likes to bring out some products exclusively in one country in order to test the product and extend after the distribution channel about it to others areas in the world.
[...] Weaknesses: Several failures (e.g.Dasani); portfolio too important, too much brands to manage. Opportunities: Sparkling mineral water: a market segment not saturated; a segment market in constant rise. A market trend orientated towards stronger sparkling waters and more sensation. Threats: French competitors as Badoit; Coca Cola bring out again a new product in the French market; the consumer does not except that, is he ready? Consumption level in decrease The Sparkling Mineral Water The Coca-Cola Corporation should be bringing this product out, which is admittedly foreigner for them. [...]
[...] At last, marketing mistakes, if there is, such as the choice of the country, or the aspect refreshing of the bottles, could be destroy the project and entail to take the product from the shelf off. The reaction of the competitors could be eventually a source of barriers to Sparkling” success words. Bibliography Kahn Bok. (2001) “Product planning essentials”, Sage Publications Inc, United States of America Kotler, P. (1988) “Marketing Management, Marketing Analysis, Planning and Control”. Sixth Edition. Englewood Cliffs, New Jersey: Prentice-Hall International Robert Leduc How to launch a new product Web Referencess www.thecoca-colacompany.com www.wikipedia.com www.mondadoripub.fr www.marketingscan.fr English version www.insee.fr English version www.aquamania.net English version Appendix The Concept Test Firstly, the concept test will consist on showing an empty bottle of sparkling water to the consumer. [...]
[...] Besides, price is a major marketing tool. It is an integral part of the product, since it helps to define character: the consumer judges the worth of the product in relation to its price. Thus, Sparkling” will cost 0.70 the bottle of 1 Litter and 0.40 the bottle of 0.5 Litters. This price is 0.2 under the price of the market leaders. There are all the prices for the different packaging: 0.5 litters alone = 0.4 O 0.5 litters * 6 = 2.4 1 Litter alone = 0.70 1 Litter * 6 = 4.2 The strategy is a penetration strategy, but it is a penetration quite high because Sparkling” brings its predicted prices into the prices the most expensive on the market. [...]
[...] Y ( N ( 8. if yes question Which one and why? Would you like to have a break, just for you during your day? either at work or at home? Y ( N ( 10. Why? Would you like to drink something during this break? Y ( N ( 12. Why? How likely would you enjoy a refreshing sparkling water during this moment? I would certainly enjoy ( I think I would enjoy ( I do not know whether I would enjoy or not ( I do not think I would enjoy ( I am sure I would not enjoy ( No preference ( 14. [...]
[...] Total number of people aged 20 years old or over who lives in France who would repeat buying the product = 40 I. Price of product (price per litter) = 0.70 J. Possible sales = E * F * G * H * I = Thus, the potential sales may be estimate at nearly millions of euros Annual Marketing Plan 81 Product: a sparkling water Brief statement of the product: A sparkling water with the followings attributes: refreshing; strongly sparkling; a unique taste. The name of the product will be in harmony with the sparkling concept. [...]
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